Delta Air Lines Lowered to Hold at Standpoint Research (DAL)
Delta Air Lines (NYSE:DAL) was downgraded by Standpoint Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
In other Delta Air Lines news, EVP Glen Hauenstein unloaded 130,000 shares of Delta Air Lines stock on the open market in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $24.00, for a total value of $3,120,000.00. Following the completion of the transaction, the executive vice president now directly owns 250,927 shares in the company, valued at approximately $6,022,248. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Delta Air Lines (NYSE:DAL) traded up 0.66% on Wednesday, hitting $24.37. The stock had a trading volume of 8,850,704 shares. Delta Air Lines has a 52 week low of $9.21 and a 52 week high of $24.22. The stock has a 50-day moving average of $21.38 and a 200-day moving average of $18.96. The company has a market cap of $20.715 billion and a price-to-earnings ratio of 11.86. Delta Air Lines also was the target of some unusual options trading activity on Tuesday. Stock investors purchased 45,806 call options on the company. This represents an increase of approximately 151% compared to the typical volume of 18,282 call options.
Delta Air Lines (NYSE:DAL) last announced its earnings results on Wednesday, July 24th. The company reported $0.90 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.94 by $0.04. The company had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $9.74 billion. During the same quarter last year, the company posted $0.69 earnings per share. Delta Air Lines’s revenue was down .3% compared to the same quarter last year. Analysts expect that Delta Air Lines will post $2.82 EPS for the current fiscal year.
A number of other firms have also recently commented on DAL. Analysts at Imperial Capital raised their price target on shares of Delta Air Lines (NYSE:DAL) from $23.00 to $26.00 in a research note to investors on Tuesday, September 17th. They now have an “outperform” rating on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Delta Air Lines (NYSE:DAL) from a “neutral” rating to an “overweight” rating in a research note to investors on Tuesday, September 17th. They now have a $26.00 price target on the stock, up previously from $22.00. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Delta Air Lines (NYSE:DAL) from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, August 14th. They now have a $22.00 price target on the stock, down previously from $25.00. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $23.27.
Delta Air Lines, Inc (NYSE:DAL) provides scheduled air transportation for passengers and cargo throughout the United States and around the world.
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